Real Estate Investing in Deer River, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 4,679 • Itasca County

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Should you buy in Deer River, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 37.8% of homes vacant — above national norms.

What’s happening in Deer River, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.2% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $260,963
Avg Monthly Rent $873
ZIP Codes 1

Investing in Deer River Real Estate

Deer River, MN covers 1 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

Across Deer River's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Transaction volume in Deer River has thinned in a way that amplifies price discovery risk. On balance, investors without local context should treat every number on the page with skepticism.

Demographics in Deer River show real pressure — median income of $N/AK is underwhelming relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Grand Rapids, MN

Deer River is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Deer River, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$260,963
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Grand Rapids, MN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
50%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Grand Rapids, MN metro
0
Days to pending
7.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Deer River, MN

Screen every ZIP in Deer River

Filter Deer River’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Deer River, MN

Is Deer River, MN better for rentals, flips, or BRRRR?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Deer River, MN. The numbers - $261K homes against $873/mo rents - support that play.

What monthly rent should investors expect in Deer River, MN?

Deer River, MN rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $261K acquisition costs.

Are eviction rules reasonable in Deer River, MN?

Deer River, MN operates under MN law, which is balanced overall for landlords. Expect steady treatment in typical lease and eviction cases.

How strong is tenant demand in Deer River, MN?

Expect a solid tenant pool in Deer River, MN. The rental market absorbs $873/mo rents without meaningful friction.

Should investors consider Deer River, MN?

Yes - Deer River, MN a 3.0/5 investability score. With $261K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.

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